Birdwatch Note Rating
2025-01-13 02:03:24 UTC - HELPFUL
Rated by Participant: B2EC9E6C5EBE06BA391A8FB3D06AFC2229FBE6844F7B35C8783542A10FBEF864
Participant Details
Original Note:
BlackRock does not "own" the companies in which it holds large shares. The ultimate ownership of the shares rests with the investors who have put their money into BlackRock-managed funds. Over 50% of BlackRock's AUM are sourced from individuals' retirement accounts. https://www.cnbc.com/2023/10/23/vanguard-blackrock-state-street-dont-own-major-us-corporations.html https://www.blackrock.com/us/individual/about-us/blackrock-retirement https://www.investopedia.com/articles/investing/111715/how-vanguard-index-funds-work.asp
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